Dutchess County Attached homes saw a big jump in sales in July 2016

By
Real Estate Broker/Owner with JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 10491201242

The Dutchess County Attached homes sales comparison

Dutchess County Condos, Co-ops, and Townhouse market showed 57 units sold, this was 16 more than in July 2015, or a 39 percent increase.  It was also a huge uptick over June 2016 when there were 37 units sold. The price of the units sold ranged from $13,000- $488,523.

 

 Data considered   |     July  2015    June 2016   |   July 2016  
Avg. Price                                $172,524         $205,246      $190,715
Median Price         $145,000         $209,750     $155,000
# of Sales                      41                       37                  57
Days on Market                    120                       72                101
Inventory                    361                     274                301
Absorption rate 8.80                     7.41 5.28
Purchase offer                      44                       52                  43

 

In July the absorption rate came in at  5.28  months which makes this segment of the market a normal one.

When compared to July 2015, the average price increased 10.5 percent, going from $172,524 in July 2015 to $190,715 in 2016.  The median selling price also increased by 6.9  percent, going from $145,000 to $155,000. However the average and median price in June 2016 was higher than in July.

Attached homes were on the market 101 days before getting an offer. This was 19 fewer days than in July 2015 – a drop of 15.8 percent.

There were 60 fewer homes on the market this July, compared to July 2015.  This  was a  16.6 percent drop.

 

Dutchess County NY real estate July 2016 attached homes

Dutchess County NY condo sales

Dutchess County NY real estate July 2016 DOM

Dutchess County real estate July 2016 inventory

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Data for Dutchess County attached home saw a big jump in sales in July 2016 was obtained from the Mid Hudson MLS.   Information is deemed reliable but not guaranteed. (late reporting can result in an adjustment to the data presented)  This report reflects only those homes listed on this MLS and does not include the sale of mobile homes

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Topic:
Real Estate Market Trends
Location:
New York Dutchess County
Groups:
Hudson Valley Real Estate and Mortgage Professionals
Tags:
dutchess county attached homes
dutchess county condo price

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Rainmaker
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Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Is that your county? I thought you were further south for some reason. I hear they're expanding.

Aug 18, 2016 04:59 PM #1
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jennifer. Sounds like steady progress and a healthy market! Enjoy your day!

Aug 18, 2016 09:51 PM #2
Rainmaker
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Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Jennifer Fivelsdal It appears that you are experiencing 'Peak Season' for the home buyers. Great report!

Aug 18, 2016 10:19 PM #3
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Jennifer wouldn't it be great to see that kind of increase all the time

Aug 18, 2016 11:18 PM #4
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